Suburban Propane Partners LP (NYSE:SPH) VP A Davin Dambrosio sold 5,500 shares of Suburban Propane Partners stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $31.00, for a total transaction of $170,500.00. Following the completion of the sale, the vice president now directly owns 37,019 shares in the company, valued at approximately $1,147,589. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A Davin Dambrosio also recently made the following trade(s):

  • On Tuesday, November 22nd, A Davin Dambrosio sold 5,500 shares of Suburban Propane Partners stock. The stock was sold at an average price of $31.00, for a total transaction of $170,500.00.

Shares of Suburban Propane Partners LP (NYSE:SPH) opened at 30.30 on Thursday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 127.85 and a beta of 0.69. Suburban Propane Partners LP has a 52-week low of $20.93 and a 52-week high of $37.10. The stock has a 50 day moving average of $31.24 and a 200 day moving average of $32.89.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, November 10th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.82) by $0.17. The company had revenue of $161 million for the quarter, compared to the consensus estimate of $196.39 million. Suburban Propane Partners’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted ($1.11) EPS. On average, equities research analysts expect that Suburban Propane Partners LP will post $1.82 EPS for the current year.

Insider Buying and Selling by Quarter for Suburban Propane Partners (NYSE:SPH)

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 1st were given a dividend of $0.887 per share. This represents a $3.55 annualized dividend and a yield of 11.71%. The ex-dividend date was Friday, October 28th.

A number of hedge funds have recently made changes to their positions in SPH. Cohen & Steers Inc. increased its stake in shares of Suburban Propane Partners by 13,893.8% in the second quarter. Cohen & Steers Inc. now owns 31,179,168 shares of the company’s stock valued at $1,529,026,000 after buying an additional 30,956,361 shares during the period. Energy Income Partners LLC increased its stake in shares of Suburban Propane Partners by 41.0% in the first quarter. Energy Income Partners LLC now owns 2,041,030 shares of the company’s stock valued at $61,006,000 after buying an additional 593,851 shares during the period. Royal Bank of Canada increased its stake in shares of Suburban Propane Partners by 7.7% in the second quarter. Royal Bank of Canada now owns 1,269,849 shares of the company’s stock valued at $42,412,000 after buying an additional 91,208 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Suburban Propane Partners by 104.0% in the second quarter. Janney Montgomery Scott LLC now owns 109,804 shares of the company’s stock valued at $3,668,000 after buying an additional 55,984 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Suburban Propane Partners by 73.7% in the third quarter. Bank of New York Mellon Corp now owns 120,899 shares of the company’s stock valued at $4,026,000 after buying an additional 51,305 shares during the period.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Suburban Propane Partners from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, October 18th. Stifel Nicolaus raised shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Thursday, October 13th. Finally, Credit Suisse Group AG set a $30.00 price objective on shares of Suburban Propane Partners and gave the stock a “sell” rating in a research report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.20.

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About Suburban Propane Partners

Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.

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